Selections from the Manhattan Rental Market Report – May 09

in News

May Average Rental Prices in Manhattan

Non-DoormanDoorman
Most ExpensiveLeast ExpensiveMost ExpensiveLeast Expensive
StudiosTriBeCa, $3283Harlem, $1277SoHo, $2742Harlem, $1383
One-bedroomsTriBeCa, $3901Harlem, $1611SoHo, $4246Harlem, $1927
Two-bedroomsTriBeCa, $7145Harlem, $2073SoHo, $6910Harlem, $2956

Greatest Changes Since April

Non-DoormanDoorman
StudiosTriBeCa 8.71% ($263)Chelsea 7.82% ($182)
One-bedroomsTriBeCa -9.37% ($403)SoHo -8.29% (-$384)
Two-bedroomsFinancial District 9.27% ($343)Lower East Side 9.08% ($376)

Year-over-year Changes

Non-DoormanDoorman
May ’08May ’09ChangeMay ’08May ’09Change
Studios$2062$1974-4.27%$2587$2332-9.84%
One-bedrooms$2803$2605-7.06%$3624$3299-8.96%
Two-bedrooms$3941$3705-5.99%$5354$5112-4.53%

Learn more about the Manhattan Rental Market Report here.

Previous post:

Next post: